Business

BENGALURU: Bengaluru-based Yali Capital has closed its debut deep tech-focused fund at Rs 893 crore (about $104 million), exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace and…

Etihad Airways on Friday announced the delivery of its first Airbus A321LR aircraft from a total order of 30 jets, marking a significant step in the airline’s expansion strategy. The aircraft will enter commercial service on August 1, 2025, with its inaugural route connecting Abu Dhabi to Phuket.Following its debut, the A321LR will gradually be…

NSDL IPO: For its upcoming Initial Public Offering (IPO), the National Securities Depository Limited (NSDL) has set a price band of Rs 760–800 per share. The precise band has taken investors by surprise since its at around a 22% discount from its last traded value in the unlisted market. Earlier this month, the stock was…

BENGALURU: Swiggy has appointed Faraz Khalid, CEO of MidEast ecommerce major noon, as an independent director to its board, while long-time investor nominees from Accel and SoftBank have exited their roles, marking a broader shift toward independent governance after the company’s 2024 IPO.Khalid’s appointment brings global ecommerce and quick-commerce expertise to Swiggy at a time…

The rupee declined 12 paise to settle at 86.52 against the US dollar on Friday, dragged down by weak domestic equities, rising global crude oil prices, and sustained foreign fund outflows. The sharp slide in equity benchmarks and a stronger dollar overseas also pressured the local unit, forex traders said.At the interbank foreign exchange, the…

Amid a brewing ownership dispute at Sona BLW Precision Forgings (Sona Comstar) following the sudden death of its chairman Sunjay Kapur, the company on Friday said it went ahead with its Annual General Meeting (AGM) in full compliance with legal and regulatory requirements, despite a request for postponement by Rani Kapur, the mother of the…

Gold rate today: Gold prices fell for the second consecutive session on Friday, dropping Rs 500 to Rs 99,120 per 10 grams in Delhi’s bullion market amid easing global trade tensions and a decline in safe-haven demand, according to the All India Sarafa Association.The precious metal of 99.9% purity had settled at Rs 99,620 per…

India was unable to secure a carve-out from the UK’s upcoming carbon tax regime under the newly signed Free Trade Agreement (FTA), a shortcoming that could hurt Indian exports of carbon-intensive products such as steel and aluminium from 2027, according to think tank Global Trade Research Initiative (GTRI).The UK government plans to implement its Carbon…

Pharmaceutical major Cipla posted a 10% year-on-year increase in consolidated net profit at Rs 1,298 crore for the quarter ended June 30, 2025, aided by solid demand in domestic and select international markets. The company had reported a net profit of Rs 1,178 crore in the same period last year.Revenue from operations stood at Rs…

Rani Kapur has described her son late Sunjay Kapur’s passing as “sudden and suspicious”. Rani Kapur, late Sunjay Kapur’s mother, has written to Sona Comstar’s board and shareholders, asking for the company’s AGM to be postponed in the light of her son’s death. She has also raised concerns on the circumstances leading to Sunjay Kapur’s…